MOSCOW (MRC) -- BASF’s Monomers division has announced an ambitious sustainability roadmap: It will expand its portfolio of products with a lower CO2 footprint and is committed to providing a circular option in every major product line by 2025, said the company.
At the same time, the division will continue to prioritize technical optimization measures to cut CO2 emissions from operations. “As a commodity business at the heart of chemical production, we have the potential to significantly drive the sustainable transformation of both BASF and the various customer industries we serve,” said Dr. Ramkumar Dhruva, President, Monomers division at BASF. The Monomers division supplies key industries from food packaging, textiles, automotive or construction to wood binders and many others with base chemicals. The new divisional sustainability roadmap is an essential part of BASF’s journey towards climate neutrality and net zero CO2 emissions by 2050.
“We understand sustainability as the decisive factor for future business success and are committed to providing our customers with the right solutions to help them reach their individual sustainability goals,” said Dhruva.
Net zero greenhouse gas emission targets demand a new level of carbon transparency. The product carbon footprint (PCF) is therefore becoming a differentiating factor, even for commoditized products. BASF’s Monomers division is pioneering a certified low-PCF option in all of its product lines by applying the company’s mass balance approach. Examples are Lupranat® ZERO, an MDI made from biobased raw materials that has a PCF of zero, and Ultramid® Ccycled™, an innovative material for the textile industry for which chemically recycled feedstock from end-of-life tires is used in production and attributed via a certified mass balance approach. The division has major sites and more than 200 products already RedCert2 or ISCC+ certified today. It aims to have additional sites certified in all regions by the end of 2023 and will continue to expand its portfolio of certified mass balanced products for its customers worldwide.
We remind, BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of the decade to support the ongoing growth of its North American MDI customers.
BASF is a leading supplier, manufacturer, and innovation partner of plastic additives. Its comprehensive and innovative product portfolio includes additives that provide ease in processing, and heat and light resistance to a variety of polymers and applications including molded articles, films, fibers, sheets, and extruded profiles.